PT apyUSD 5NOV2026 · by Apyx · stable-PT
apyUSD is Apyx's yield-bearing stablecoin backed by preferred shares in digital credit assets (STRC ~11% APY, SATA ~12.5% APY). Monthly dividend distributions pass through to holders as an appreciating exchange rate.
Spiral Stake supplies PT-apyUSD as collateral on Morpho, borrows a correlated asset against it, and recycles that back into more PT-apyUSD — looping in a single transaction to amplify the underlying Preferred Dividends yield. Because the assets are price-correlated, the position targets a higher APY rather than a directional bet, with every cost and liquidation threshold shown upfront.
Leveraged PT-apyUSD yield is a strategy that loops PT-apyUSD on the Morpho lending protocol to multiply your exposure to its Preferred Dividends yield. Spiral Stake executes the whole loop in a single transaction.
PT-apyUSD earns yield from Preferred Dividends, issued by Apyx. Looping amplifies that base yield.
Leveraged positions carry liquidation risk if collateral value falls relative to the borrowed asset, plus smart-contract and market risk. Every cost and liquidation threshold is shown before you confirm.
Live APY, leverage multiplier and available liquidity are shown in the app.